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522 S State St, Belvidere, IL, 61008

5beds
5baths
4,180sqft
$450,000
$108price/sqft
$3,644/moest. monthly cost
$145,760/yrincome needed

About This Home

Prime Downtown Belvidere Mixed-Use Investment Opportunity! This turnkey property offers strong, immediate cash flow with an established bar on the main level featuring a full kitchen, 5 gaming machines, and 3 pool tables. Upstairs, you'll find five fully occupied residential lofts, each equipped with a stove, refrigerator, and microwave, and occupied by long-term tenants. The building has been well maintained and features central air conditioning throughout. Located in the heart of Downtown Belvidere and just minutes from the planned Metra station expected in 2027, this property is well positioned for future growth, increased demand, and long-term appreciation. A rare opportunity to acquire a fully occupied, income-producing asset in a rapidly developing area.

Getting Around

77
WalkingVery Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

4/10
Lincoln Elementary SchoolGrades PK-51.4 mi
5/10
3/10
Belvidere High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1889

Materials

  • Roof: Metal
  • Construction materials: Concrete

Type & Style

  • Home type: MultiFamily
  • Property subType: 5+ Units

Interior

Appliances

  • Appliances included: Microwave,Refrigerator,Stove/Cooktop,Oven,Gas Water Heater

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5

Features

  • Finished area below ground: 1,000
  • Finished area above ground: 3,180

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,180
  • Total interior livable area: 4,180 sqft

Property

Details

  • Parcel number: 0525360007

Features

  • Levels: Two
  • Stories: 2

Parking

  • Total spaces: 20
  • Parking features: Additional Parking